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1st LD-Writethru: Key China stock index closes at 2-month high

Xinhua, October 24, 2016 Adjust font size:

China's key stock index ended the day at its highest point in more than two months as heavy shares rose across the board amid improving market sentiment.

The benchmark Shanghai Composite Index went up 1.21 percent to close at 3,128.25 points on Monday, while the smaller Shenzhen index closed 0.87 percent higher at 10,842.64 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 0.91 percent to close at 2,200.80 points.

Turnover hit about 563.9 billion yuan (around 83.2 billion U.S. dollars).

The coal sector is among the day's biggest gainers as coal prices have risen in recent months amid a government campaign to cut ineffective production.

Official data showed that since June 2016, China's coal price index has risen for four consecutive months.

China National Coal Group Corporation and Shanxi Hengyuan Coal and Electricity Group both surged by the daily limit of 10 percent to end at 6.57 yuan and 7.23 yuan per share.

Securities outperformed on hopes of improving earnings reports, with Huatai Securities up 4.7 percent to close at 19.59 yuan. Endi